Flash News

TREE NEWS reports: Moody’s said self-restraint by AI labs is unlikely to meaningfully slow the pace of development, even as calls grow to decelerate. The ratings agency said regulation could play a larger role, with its credit impact depending on how rules are designed. By 2030, barriers to corporate AI adoption will fall, and chip and memory makers will be the biggest beneficiaries.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held a video conference on safety production for central state-owned enterprises on September 29. The commission called on central SOEs to tighten safety work and curb the frequent occurrence of accidents, using the final year of a three-year safety production campaign as the basis. It also urged a comprehensive review of high-risk operation scenarios and targeted control measures.

TREE NEWS update: Flydubai says one of its aircraft landed safely in Tabuk, Saudi Arabia, with all passengers reported safe and unharmed. The airline gave no further detail on the flight or the circumstances surrounding the landing. The statement was issued as an update on the aircraft and those on board.

TREE NEWS reports: Sweden’s central bank said in its meeting minutes that the risk of inflation running above its 2% target has increased. The Riksbank’s assessment points to upside pressure on prices relative to its objective.

TREE NEWS update: The US-led international coalition fighting ISIS ended its military mission in Iraq on September 30, the US Department of Defense announced. The coalition’s mission in the country formally concluded that day.

TREE NEWS update: Six major Chinese banks — ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank of China — announced they will provide “apply-and-receive” interest subsidies on commercial individual housing loans, effective tomorrow. The move follows a notice on the mortgage interest subsidy policy issued by the Ministry of Finance, the People’s Bank of China and the National Financial Regulatory Administration.

TREE NEWS update: The Hongqili Waterway road-rail bridge on the Shenzhen-Jiangmen railway, the longest-span combined highway and high-speed rail bridge in the Guangdong-Hong Kong-Macao Greater Bay Area, was successfully closed on the morning of the 30th. As a key control project on the coastal corridor of China’s “eight vertical and eight horizontal” high-speed rail network, it will boost integration across the Pearl River Estuary and support the “Greater Bay Area on rails” plan.

TREE NEWS reports: A civilian airliner flying from Dubai to Tel Aviv reported a suspected security incident on the morning of September 30, Israeli media reported. The possibility that the aircraft had been hijacked was subsequently ruled out. Further details on the nature of the incident were not immediately available.

TREE NEWS reports: Spot gold climbed above $4,200 an ounce, gaining 0.44% within the day. The move marks a fresh push higher for the precious metal, which has been trading at record levels. No further details were immediately available.

TREE NEWS update: China’s State Council Development Research Center released the China Development Report 2026 on Wednesday, prompting a Foreign Ministry briefing in which spokesman Guo Jiakun said the country’s high-quality development offers growth opportunities to the world. Guo cited 25 Chinese innovation clusters in the global top 100, solar power capacity surpassing coal for the first time, and high-level opening through the Chain Expo, CIFTIS, Global Digital Trade Expo and CIIE.

TREE NEWS update: The United States has formally ended Operation Inherent Resolve in Iraq, the military mission against Islamic State. The conclusion of the operation marks the close of the US-led coalition campaign in the country.

TREE NEWS reports: Brent crude oil fell 1.0% during the trading day to $95.18 a barrel. The intraday decline marks a pullback in the benchmark’s price.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said on July 30 that recent remarks by Japan’s current defense chief about discussing nuclear weapons and nuclear submarines without taboos seriously challenge the Nuclear Non-Proliferation Treaty and the post-war international order. Guo said the comments deviate from Japan’s stated Three Non-Nuclear Principles and expose the nuclear ambitions of Japan’s right-wing forces. The international community should press Japan to abandon remilitarization and nuclear aspirations.

TREE NEWS reports: South Korea’s central bank net sold $9.61 billion in the foreign exchange market in the second quarter to support the won. The figure marks the scale of official intervention as authorities moved to curb the currency’s weakness. The Bank of Korea disclosed the net dollar-selling position without further detail on the timing or instruments used.

TREE NEWS update: China’s Minister of Water Resources Li Guoying said on September 30 that the country will coordinate the integrated construction of water networks at all levels and connect the “last mile” of the network. The goal is for the national water network to cover 82% of the country’s land area by the end of the 15th Five-Year Plan period, Li said at a State Council Information Office press conference in Beijing.

TREE NEWS update: Chinese foreign ministry spokesperson Guo Jiakun said on September 30 that China and Russia have entered a new stage of higher-quality and faster development, ahead of the 77th anniversary of diplomatic ties on October 2. He cited the May and August meetings between President Xi Jinping and President Vladimir Putin in Beijing and Bishkek as guiding the relationship forward.

TREE NEWS update: A commercial passenger jet flying from Dubai to Tel Aviv diverted toward Saudi Arabia on the 30th after transmitting repeated emergency distress codes, Israel’s security services said. The aircraft was last tracked near Tabuk airport in Saudi Arabia and was expected to land there shortly. A security source said a fight between pilots may have triggered the emergency, with details to be clarified after landing.

TREE NEWS reports: China’s treasury futures closed lower on Friday, with the 30-year main contract falling 0.58%, the 10-year contract down 0.19%, the 5-year contract down 0.12% and the 2-year contract down 0.04%. All four main contracts across the curve settled in negative territory.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said on the 30th that Beijing supports resolving disputes through political and diplomatic channels and hopes Iran and the United States will stick to the choice of peace, return to the Islamabad Memorandum of Understanding and restart dialogue and negotiations as soon as possible. Guo said China has been actively working to end the fighting and promote peace since the conflict began.

TREE NEWS reports: UK government bonds rose across the board, with the 10-year gilt yield falling 6 basis points to 5.35%. The move marks a broad rally in UK sovereign debt, though no single catalyst was cited for the decline in yields.